Description

With over 40 participants, the Indian low voltage (LV) switchgear market is highly competitive and price sensitive. The research service discusses the markets for air circuit breaker (ACB), moulded case circuit breaker (MCCB), contactors and relays (C&R), miniature circuit breaker (MCB), residual current devices (RCD), distribution boards (DB), changeover switches (COS), and other switching devices (other SDs). The demand for LV switchgear components comes predominantly from end-user segments such as industries, commercial and residential segments, and other infrastructure projects (ports/airports). The Indian LV switchgear market is estimated to grow at a CAGR of 12.5 percent from 2010 to 2017.